Belararox Limited (ASX: BRX) Provides Drilling Progress Update
Drilling Progress
Belararox Limited (ASX: BRX) has announced significant progress in its drilling activities at the Malambo and Tambo South copper porphyry targets located in San Juan, Argentina. Drilling is expected to commence in the second half of January, following preparations that have included road clearing efforts at Tambo South.
Access Challenges and Timeline
The company has faced access challenges due to difficult terrain at Malambo, resulting in a requirement for re-surveying road access tracks. Despite these hindrances, the 6,000m TMT Drilling Program is on track for completion by April 2025. An alternate route has been established to enhance safety and allow heavy machinery movement, with final adjustments being made to meet Mines Department safety standards.
Executive Comments
Managing Director Arvind Misra stated, “While we have encountered delays due to weather and steep terrain access routes, we are now positioned to start drilling. Despite the setbacks, the exploration targets remain a very high priority, and we remain confident of achieving our planned 6000m this season.”
Future Outlook
The TMT drilling program is advancing, with Conosur SA ready to commence at Malambo. The first track-mounted rig has been positioned closer to the drill pad, and the second rig is set to begin at Tambo South later this month. Belararox is committed to ensuring safety while pushing forward with its exploration initiatives.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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